The folks running JAKKS are so incredibly stupid. What a wasted use of shareholders' funds, buying back stock at $20/share. It is just incredibly stupid and a moronic response to interest expressed by outside firms. Jack is rolling over.
Their balance sheet was in so much better shape at the end of 2011. Quite frankly, they blew it, they engaged in very significant value destruction of their business in response, ironically, to pressure from an outside value fund. Way to go JAKKS and Oakmark, what a joke.